Vice President (VP), General Manager
Salary

A Vice President (VP), General Manager earns an average salary of $123,375 per year. Skills that are associated with high pay for this job are Business Strategy, Leadership, Profit & Loss (P&L) Statements, Strategic Planning, and People Management. Most people in this job have more than five years' experience in related jobs.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Job Description for Vice President (VP), General Manager

The vice president (VP)/general manager is an executive who oversees all departments of a business. The VP/general manager must be skilled in leading multiple teams, finance, human resources, operations, and other types of departments, depending on the business. Usually, the vice president and general manager roles are separate, but in some cases they are a name for the same position.

VP/general managers frequently work as the primary authority figure overseeing the different departments of a business. They also work with other executives, including chief operating officers and report to the president and/or the chief executive officer of an organization. They must be able to lead multiple groups or departments of a business in working together as a whole. They may implement their own ideas for improving the processes and production of each department they oversee. The working environment for VPs/general managers is very nice. They usually have a spacious office and a secretary. They also spend a lot of time in board and conference rooms. Their hours are typically Monday through Friday, with shifts such as 8 a.m. to 4 p.m., but they tend to have more flexibility with their working hours than workers at lower levels. They may travel occasionally or frequently, depending on the company they represent. The tools they use are telephones, computers, pens and paper, and other typical office supplies.

As a top executive, VPs/general managers must usually have a master's degree in business management, accounting, or finance. However, some do work their way up to the position with a bachelor's degree. They must also have a wealth of experience in related fields, as well as prior management experience.

VPs/general managers hold a high level of power in any company that they may work for. They report to very few people and hold a large degree of responsibility for how well all aspects of a business perform. They must be versatile and capable in many functions of the business world and able to coordinate so that all of the different departments that they oversee work together at a high level.

Vice President (VP), General Manager Tasks

Determine and formulate policies and business strategies and provide overall direction of an organization.

Plan, direct, and coordinate operational activities at the highest level of management with the help of subordinate managers.